When Walter Kwok lost a court battle in May 2008 to prevent his removal as chief executive by the board of Sun Hung Kai Properties, Hong Kong’s largest property developer, he suggested that hostilities cease.
His two younger brothers, Thomas and Raymond, had wanted him demoted, claiming he suffered from bipolar disorder. Walter, 61, then wrote a letter to the board of the family-owned company that said: “We three are brothers. Why should we keep fighting each other?”
The desire for peace between him and his two younger siblings proved brief. In 2010, Walter’s share of the family trust, which owns the 42 per cent family stake in the company with a market capitalisation of $30bn, was transferred to his family by his mother.
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